The Obama administration has been speaking to European leaders about the the importance of taking strong action to give confidence to the markets and to stabilize the situation.

Gibbs said the Obama administration was pleased thus far with the results of the announcement of the package, which is aimed at preventing a spread of Greece's crisis and heading off a threat to the global recovery.

Following ongoing concerns of hackers interfering with the 2016 Presidential election, President Barack Obama has called for a complete report into hacking efforts that took place during the election cycle.